Insurance news

• Court documents: Gallagher's Towergate purchase plan revealed

  29-04-2015 18:51
  
  The broker claims plans to buy Towergate, acquire an interest in Autonet and buy Iridium were diverted.
  
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• Court documents: Gallagher accuses Ross of diverting opportunity to buy Towergate

  29-04-2015 18:33
  The broker claims plans to buy Towergate, acquire an interest in Autonet and buy Iridium were diverted.
  
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• Court documents: Ross resigned by email in February

  29-04-2015 18:32
  
  David Ross emailed resignation to Arthur J Gallagher on 9 February 2015 and his notice expires on 8 February 2016.
  
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• Post magazine - 30 April 2015

  29-04-2015 16:51
  
  Post Online Postonline The latest issue of Post Magazine is now available for Post subscribers. Download the latest Post iOS or Android App Edition on the App Store or Google Play respectively or read the Post Digital Edition online.
  
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• North of England insurance job vacancies up by one-third

  29-04-2015 16:19
  Shortages are most acute in mid-level posts, says recruitment consultancy
  
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• Video: Spring Sentiment Survey 2015

  29-04-2015 12:47
  
  Take a sneak peek at our first Sentiment Survey of 2015 with Ageas CEO for insurance, François Xavier-Boisseau.
  
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• DWF merges with niche law practice Watmores

  29-04-2015 11:37
  Tie-up will boost leading legal firm’s practice to nearly 1,000 
  
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• Applied Systems to support Relay's push into Northern Irish market

  29-04-2015 11:25
  
  Callum BrodiePostonline US-based technology firm Applied Systems has struck a partnership deal designed to support Irish intermediary software provider Relay’s expansion into the Northern Irish market.
  
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• Tulloch appointed to Pool Re

  29-04-2015 11:24
  
  Aviva CEO Maurice Tulloch takes on non-executive director role at Pool Re.
  
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• Aviva's Tulloch appointed to Pool Re

  29-04-2015 11:24
  
  Insurer's UK and Ireland CEO takes on non-executive director role at Pool Re.
  
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• Maurice Tulloch handed Pool Re non-executive role

  29-04-2015 11:09
  
  James Verrinder Postonline Aviva's UK and Ireland general insurance CEO Maurice Tulloch has been named as a non-executive director at Pool Re.
  
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• Euler Hermes Q1 revenues jump 5.1%

  29-04-2015 11:05
  
  Katie Marriner Postonline Trade credit insurer Euler Hermes has reported a 5.1% increase in revenues for the three months ended 31 March 2015 to €670m (£478m).
  
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• ABI premium tracker shows home rates down 2% in Q1

  29-04-2015 11:04
  
  Francesca NymanPostonline Home insurance rates continued to fall in the first quarter of 2015 with an average combined building and contents policy now costing 79 pence a day, figures from the Association of British Insurers showed.
  
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• Pool Re appoints Maurice Tulloch as non-exec director

  29-04-2015 10:50
  Tulloch is also a member of the ABI Board and chair of the General Insurance Council
  
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• CMA gives green light to Xchanging's purchase of Agencyport

  29-04-2015 10:12
  
  Callum BrodiePostonline Xchanging’s acquisition of Agencyport Europe has been cleared by the Competition and Markets Authority following an in-depth investigation by the regulator.
  
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• Willis reports fall in Q1 profits

  29-04-2015 10:11
  
  GB unit sees income fall due to impact of currency rates.
  
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• Improvement program restructuring costs Willis $31m in Q1 2015

  29-04-2015 10:11
  The broker says it has also generated savings of $10m as a result of program
  
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• Zurich boss Vibhu Sharma on growth in a tough market

  29-04-2015 10:05
  
  In part two of our interview the CEO for UKGI at Zurich, Vibhu Sharma, talks innovation and his dislike of silos.
  
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• Finch launches telematics package for HGV operators

  29-04-2015 10:00
  
  Broker says package will help to drive down premiums.
  
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• Northern Ireland expansion for Applied Systems with Relay

  29-04-2015 09:50
  
  Technology specialists focusing on growth and profitability.
  
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• CMA formally clears Xchanging’s Agencyport acquisition

  29-04-2015 09:28
  Xchanging chief executive Ken Lever says acquisition will existing insurance software business Xuber
  
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• Editor's comment: Insuring the uninsurable

  29-04-2015 09:18
  
  Stephanie Denton Postonline Insurance industry leaders repeatedly tell me how proud they are of the sector’s ability to innovate – after all insurance is usually at the cutting edge of developments and insures risks ranging from satellites in space to deep sea exploration.
  
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• RSA rolls out pop-up trading sites to get closer to brokers

  29-04-2015 09:18
  Insurer has a seen an uptick in the amount of commercial business it has written from pop-up events
  
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• Barclays sets aside a further £1bn over forex rigging and PPI mis-selling

  29-04-2015 09:18
  
  Move causes profits to fall 26% in first quarter and signals bank expects to face at least £2bn in fines and litigation over manipulation of foreign exchange marketsBarclays has been forced to set aside almost another £1bn as it braces for a fine for rigging foreign exchange markets and to prepares to pay more in compensation for mis-selling payment protection insurance.The charges – £800m for currency market manipulation and £150m for PPI – resulted in profits falling by
  
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• Willis GB underlying revenue up as broker suffers decline in Retail Networks

  29-04-2015 08:52
  Group profits fell 14.6% in first quarter of 2015 compared to Q1 2014 
  
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• Horizon launches high net worth travel cover

  29-04-2015 08:37
  Underwriting agency has secured capacity from Tokio Marine Kiln
  
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• New South Wales' storms to cost IAG A$300m

  29-04-2015 06:07
  
  Andrew Tjaardstra Postonline Insurance Australia Group is counting the cost of two damaging storms in the same week.
  
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• Zhang to exit Markel after Shanghai office opening

  29-04-2015 05:35
  
  Andrew Tjaardstra Postonline Steven Zhang, chief representative of Markel's Beijing office, will be leaving the company after helping establish the Shanghai office.
  
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• Philippines GI profits surged in 2014 from low base

  29-04-2015 04:58
  
  Andrew Tjaardstra Postonline The Philippines' 65 general insurance companies profits in 2014 climbed to 2.4bn pesos (£35.4m) up 192% from the 822m pesos of profit in 2013.
  
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